- Cranswick reported a revenue of GBP1.33 billion for the first half of the year, falling short of the estimated GBP1.34 billion.
- The company declared an interim dividend of 25.0p per share.
- Adjusted pretax profit exceeded expectations, coming in at GBP95.8 million against an estimate of GBP90.6 million.
- The adjusted operating margin was reported at 7.5%, outperforming the estimated 7.22%.
- Adjusted operating profit stood at GBP99.6 million, surpassing the forecast of GBP96.6 million.
- Cranswick’s net debt was reported at GBP107.5 million.
- Adjusted earnings per share (EPS) was 132.1p.
- The management commented that they are on track to make further progress in the year’s second half.
- Investment sentiment towards Cranswick is positive, with 10 buy recommendations, 1 hold, and no sell ratings.
A look at Cranswick PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Cranswick PLC, a prominent player in the food manufacturing industry, is poised for a promising long-term outlook based on the Smartkarma Smart Scores assessment. With strong momentum and growth scores of 5 and 4 respectively, the company demonstrates robust performance and potential for expansion. Additionally, Cranswick PLC exhibits solid resilience with a score of 3, indicating the company’s ability to weather market challenges effectively. While the value and dividend scores stand at 2 each, the company’s overall outlook appears favorable, reflecting its positioning for sustainable growth and profitability in the future.
Specializing in the manufacturing and supply of a diverse range of food products to grocery retailers and the food service sector in the UK, Cranswick PLC offers fresh pork, gourmet sausages, charcuterie, cooked meats, sandwiches, and dry cured bacon. With a strong emphasis on growth and maintaining momentum, the company’s strategic focus aligns well with the evolving consumer demands and market trends within the food industry. This, combined with its resilient operations, positions Cranswick PLC as a key player with a positive outlook for long-term success and value creation.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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